Question: Please answer all the questions, only take it if you are SURE , any reference s 1)Is Pareto efficient allocation fair? 2) Is Pareto optimal
Please answer all the questions, only take it if you are SURE , any reference s
1)Is Pareto efficient allocation fair?
2) Is Pareto optimal fair
3) Is Pareto superior allocation fair?
4) Average total cost curve include the opportunity cost of the capital that a firm requires in a business
5) What is difference between Pareto efficient , Pareto optimal and Pareto superior ?
5) under the perfect competitve firm, it would produce the min point of the long run average cost curve? and why?
6) for a monopolist competitive firm, it would produce the min point of the long run average cost curve? and why?
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